Self-Regulation with Accreditation
AACSB's New Global Standards for Business Education has been announced
The Global Accreditation Framework initiative announced recently reinforces AACSB’s mission to advance the quality and impact of business education, providing more than 17,000 business schools worldwide with a structured framework for continuous improvement and global impact. The Global Standards for Business Education has been announced. It is a structured framework for continuous improvement and impact for all business schools.
It is the foundation of quality improvement among all institutions, as well as the basis for quality assurance for AACSB accredited schools. Working in collaboration with members and stakeholders, the Standards Task Force led a thorough and inclusive process to examine how the Global Standards can more effectively support business education worldwide. Its approach gathered input from the field, analyzed current and emerging trends, and identified opportunities to improve clarity, relevance, and global applicability.
ABOUT AACSB
AACSB is world’s oldest business accreditation organization set up in 1916. AACSB provides quality assurance, business education intelligence and professional development services to over AACSB now has 1,066 accredited institutions and 1850 member organizations in 70 countries and territories accounting for about six per cent of the Global Business Schools. AACSB's accreditation processes are ISO 9001:2015 certified.
A total of 73% of the CEOs representing Fortune 100 companies and 75 percent of top paid CEOs representing S&P 500 companies have a degree from an AACSB-accredited school based on 2024 AACSB analysis of Fortune 500 and S&P 500 company data.
AACSB's Mission & Vision
Vision: To transform business education for global prosperity.
Mission: International is to foster engagement, accelerate innovation, and amplify impact in business education
State of Accreditation Report 2024 announced
The State of Accreditation worldwide from AACSB's perspective as of July 2024 has just been released! Please visit the Page link for details.
AACSB makes significant changes to 2020 standards!
AACSB has updated its Business Accreditation Standards and Interpretive Guidance on July 1, 2024. The summary of th changes are appended in this document! Complete details of the 2020 standarrds available in this link
AACSB & Social Impact
Aligning With the AACSB 2020 Business Accreditation Standards
SEAA Trust, New Delhi had the privilege of visiting the AACSB HQ at the picturesque port city of Tampa, Florida early July 2024. The second time around a greeting was extended formally at the entry desk! The discussions was with Vice President Accreditation of AACSB, Suzanne Mintz
AACSB as the oldest and longest serving global accreditation agency strives to continuously improve engagement among business, faculty, institutions, and learners, so that business education is aligned with business practice. As the longest-serving and largest business education network, AACSB connects lifelong learners, educators, and businesses worldwide.
AACSB revised its standards 11 times in its over a century of existence the most recent of which in 2020 when the standards were revised to explore the content and nature of the standards, then explore ways to improve the processes and attitudes around the peer review visits along with a stronger volunteers training system. Yet another revision and this time a very big one has just been approved which is due for implementation from June 2026. Cited as Global Accreditation Framework, the new scheme is expected to dynamically streamline the Accreditation system of AACSB (details are at the start of this page)
The 2020 standards are divided into three strategic goals "Strategic Management (3 standards) Learners success (four standards) and Thought Leadership (2 standards) as opposed to the current four categories Strategic Management, Participants, Teaching and Learning and Academic and Professional Engagement. The new standards enabled AACSB to move toward principles-based and outcomes-focused standards. They call business schools to specifically identify how they envisage making a positive societal impact. They embrace alternative instructional delivery models. They promote the importance of collaborations within and between disciplines and institutions.
INDIAN AACSB ACCREDITED SCHOOLS
Geoff Perry & Amy Memon of AACSB Asian Region Leaders presented at the 14th International Accreditation conference. Amy's presentation is available in this link
Business Accreditation
AACSB business accreditation signals to the world that an institution has met the most rigorous standards of excellence in business education. Institutions that have earned the AACSB accreditation seal demonstrate that they are committed to upholding and advancing the quality of their programs, both at the undergraduate and graduate levels.
An overview of the initial accreditation process provides the steps necessary to complete the accreditation process, which includes self-evaluations, peer reviews, committee reviews, and the development of in-depth strategic plans. After achieving accreditation, schools undergo continuous improvement reviews every five years to ensure they are evolving and improving over time.
Achieving Business Accreditation: At a Glance
1. Learn more about the eligibility process and application for business accreditation.
2. Access all of the details, sample forms, and guidelines required for initial accreditation.
3. Access all details and guidelines required for the continuous improvement review process.
For further guidance and clarification on the accreditation process, please mail us for information or directly visit
www.aacsb.edu
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D Y Patil School of Management
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ICFAI Business School IBS Hyderabad
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International Management Institute IMI, Delhi
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Jaipuria Institute of Management Jaipur
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Thiagarajar School of Management, Madurai
*Those marked in colour are the Accredited schools of AACSB. The stared links are newly accredited
